The group now operates 981.
The dire performance from country casuals which has 200 stores across the uk prompted a profits warning from austin reed in july. Owners said that some 35 austin reed and country casual stores are on the rapid closure list. It is seeking rent reductions of 50 on these stores. That helps us fund this is money and keep it free to use.
Chairman john robins told shareholders at the austin reed annual meeting that the group has launched a complete review of its entire business which it will report further on later in the year. Country casuals hits austin reed some links in this article may be affiliate links. If you click on them we may earn a small commission. The new broom at troubled austin reed today axed the retail director of its country casuals womenswear chain after disastrous sales.
Austin reed also owned the cc brand rebranded from country casuals. Austin reed moves from the original 103 113 regent street store to the opposite side 100 regent street a film is produced to mark the occasion. Fashion retail group austin reed has sent a strong signal that it is considering selling its underperforming country casuals womenswear business. With the addition of austin reed which we acquired earlier this year as well as country casuals and viyella we aim to continue this organic growth while always being ready to respond to other opportunities as they arise he said.